Buck Wealth Strategies LLC Buys 254 Shares of Tesla, Inc. (NASDAQ:TSLA)

Buck Wealth Strategies LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,047 shares of the electric vehicle producer’s stock after purchasing an additional 254 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Tesla were worth $827,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of TSLA. Greenspring Advisors LLC acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $254,000. Silver Oak Securities Incorporated lifted its holdings in Tesla by 4.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 6,739 shares of the electric vehicle producer’s stock valued at $2,813,000 after purchasing an additional 271 shares during the last quarter. Geneva Partners LLC acquired a new stake in Tesla during the 4th quarter valued at $5,250,000. Elm3 Financial Group LLC bought a new position in Tesla during the 4th quarter worth $260,000. Finally, Beacon Financial Advisory LLC increased its position in Tesla by 0.8% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,359 shares of the electric vehicle producer’s stock worth $2,972,000 after buying an additional 59 shares during the period. 66.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TSLA. Royal Bank of Canada restated an “outperform” rating and issued a $440.00 price target on shares of Tesla in a research report on Thursday, January 30th. Barclays raised their price target on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Truist Financial raised their price target on Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Finally, UBS Group raised their price target on Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $321.71.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 635,776 shares of company stock worth $231,335,112. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

Tesla stock opened at $350.73 on Tuesday. The stock’s 50 day moving average is $408.27 and its 200 day moving average is $304.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market cap of $1.13 trillion, a P/E ratio of 171.93, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts expect that Tesla, Inc. will post 2.54 EPS for the current year.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.